Track C — Capital & Structure
Why every AI infrastructure company should be a multi-entity, not a single corp.
AI infrastructure companies in regulated industries have three distinct risk-and-reward profiles inside them — IP, operations, and project finance. Stuffing them into one C-corp creates tax inefficiency, exit friction, and investor confusion. The entity stack that actually works, and why most founders structure into ineligibility on day one.
Forthcoming
This essay is in progress. It will be published when it is something Tom is willing to defend in person.
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